CNN Money – recent post: Foreclosures were at a record high in 2010, and more than 1 million people lost their homes, even as notices started leveling off during the end year....
Tag Archives: first time home buyers
Existing home sales jump 12 percent
As seen on… CNN Money – By Blake Ellis, staff reporterJanuary 20, 2011: 11:01 AM ET Sales of existing homes jumped in December, marking the fifth month of gains in the past...
Real Estate: Finally a Good Investment?
As posted by: Smart Money Real Estate: Finally a good investment? The housing market still looks pretty bleak: There were a record 1 million foreclosures last year, home prices are...
Kiss 4% mortgage rates goodbye – A great post from CNN Money.com
By Les Christie, staff writerJanuary 1, 2011: 3:47 PM ET NEW YORK (CNNMoney.com) — The era of near 4% mortgage rates has ended after a quick rate rise since early November. But...
House Appraisals Under Fire
Here we go again… we have discussed Automated Appraisals (- Computer Generated Appraisals) in the past and we are still experiencing the same challenges. Computerized Models Are...
Bank of America to resume foreclosures
By Aaron Smith, staff writer – NEW YORK (CNNMoney.com) — Bank of America said earlier last month that it was ending its hiatus on foreclosure sales, and promised to get its...
Banks Push Fed to Curb Borrowers’ Right to Rescind Mortgages
Great Article and a very good interview on the Bloomberg Website explaining the additional behind the scene challenges with loan modifications. Well worth your time! Mortgage firms are...
Home price plunge is widespread… CNN Money.
By Les Christie, staff writerDecember 28, 2010: 11:24 AM ET NEW YORK (CNNMoney.com) — Home prices took a shockingly steep plunge on a monthly basis, an indication that the...
Bull vs. Bear: Will housing rebound?
An interesting read to say the least… let me know your thoughts! As seen in CNN Money – Posted by Nin-Hai Tseng, writer-reporter- December 27, 2010 It’s a question...
Mortgage Rates May Have Hit Bottom…
By LYNNLEY BROWNING – THE NEW YORK TIMES MORTGAGE rates in 2010 were the lowest in six decades, but a recent and sustained increase may indicate that consumers can expect to pay...